Senior Auto Insurance Product Analyst

COMPANY OVERVIEW:

Founded in 1989, United Automobile Insurance Company is an innovative and established organization looking for a Senior Auto Insurance Product Analyst to join our team. Family-owned, UAIC, is one of the largest privately held property and casualty insurance companies in the United States. The key to our growth and success is a commitment to providing quality service to our agents and customers, by providing disciplined underwriting, and strategic claims handling. Our ongoing efforts to invest substantial resources in personnel and technology are the foundation of our promise of assuring maximum efficiency and specialized operations in the industry. We are proud that our independent agents and customers have recognized our dedication by making UAIC the market leader in every state where we conduct business.

SCOPE:

As a Senior AUTO INSURANCE Product Analyst, you will be responsible for driving product strategy and development within UAIC. You will be responsible for in-depth analysis, research, and strategic recommendations to enhance existing products and develop new ones. Your expertise will contribute to our competitive edge in the market and ultimately help us better serve our customers. This position offers a primarily remote work arrangement, allowing the ideal candidate to work from their preferred location within the Southeast region.

DUTIES:

• Lead the ideation, design, and development of new insurance products and enhancements to existing ones.
• Conduct market research, competitor analysis, and customer feedback surveys to identify emerging trends and customer needs.
• Conduct variable analysis to enhance product performance.
• Analyze various variables affecting pricing, including customer demographics, claims data, and other relevant factors.
• Oversee the testing and validation of insurance products, ensuring accuracy, efficiency, and alignment with business objectives.
• Conduct thorough quality assurance checks to guarantee the reliability of products.
• Analyze data to identify opportunities for product improvement or modification.
• Collaborate with actuarial teams to determine optimal pricing strategies that ensure product profitability while remaining competitive in the market.
• Analyze claims data and loss trends to make data-driven decisions regarding product pricing adjustments.
• Stay abreast of industry regulations, ensuring that all products comply with state and federal guidelines.
• Work closely with legal and compliance teams to ensure adherence to regulatory standards.
• Develop and maintain key performance indicators (KPIs) to track the success and performance of insurance products.
• Regularly report on product performance, providing insights and recommendations for improvement.
• Collaborate with cross-functional teams including underwriting, marketing, sales, and claims to align product strategies with business objectives.
• Provide subject matter expertise and support to various teams as needed.
• Create and maintain detailed product documentation, including policy wordings, terms, and conditions.
• Generate comprehensive reports and presentations for senior management and other stakeholders.
• Provide training and education to internal teams on product features, benefits, and positioning in the market.
• Assist in the development of sales and marketing materials.
• Conduct ongoing assessments of competitor products, pricing strategies, and market positioning to identify opportunities for differentiation and competitive advantage.

EDUCATION:

• Bachelor’s degree in mathematics, statistics, actuarial science, data science, or a related field required.
• Master’s degree preferred.

SKILLS & EXPERIENCE:

• Minimum 3 - 5 years of experience in a similar analytical role within the insurance industry, with a focus on product development and strategy is preferred.
• Extensive experience in insurance products, underwriting principles, and regulatory compliance.
• Advanced proficiency in data analysis tools (e.g., Excel, SQL, SAS, Tableau , Python) and statistical modeling techniques.
• In-depth knowledge of property and casualty insurance concepts, regulations, and industry trends.
• Excellent communication skills, both written and verbal, with the ability to present complex information clearly and persuasively.
• Strong leadership and interpersonal skills with a demonstrated track record of leading and mentoring teams.

AUTO INSURANCE ANALYST EXPERIENCE REQUIRED 

BENEFITS:

• 401(k) Retirement Savings Plan with employer match.
• Comprehensive Medical, Prescription Drug, Vision, and Dental Insurance
• Paid Time Off, Holidays, and Leave programs.
• Flexible spending accounts
• Basic Life Insurance and Voluntary Life/ADD
• Short Term and Long-Term Disability

UAIC participates in the E-Verify program to confirm the employment eligibility of all newly hired employees. For more information about E-Verify, please visit .

UAIC is an Equal Opportunity Employer and is committed to the principle of equal employment opportunity for all employees. All employment decisions at UAIC are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion, or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate.

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